17 Oct 2014 07:00
Avanti Communications Group plc
Issue of Equity
London - 17 October 2014. Avanti Communications Group plc (AIM: AVN, "Avanti" or "the Company"), the satellite operator, announces that it has issued 1,200,000 new ordinary shares of 1p each ("New Ordinary Shares") in the Company to the trustee of the Company's Employee Benefit Trust, at a price of 1p per share. These New Ordinary Shares are being issued to facilitate the award of share options to employees across the Company.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM and it is anticipated that admission will become effective on 20 October 2014. Following admission, the Company's issued share capital will consist of 112,936,849 ordinary shares of 1p each.
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For further information please contact:
Avanti Communications Group Plc Tel: +44 (0) 20 7749 1600
David Williams, Chief Executive
Nigel Fox, Finance Director
Cenkos Securities plc Tel: +44 (0) 20 7397 8900
Max Hartley (Nomad) / Julian Morse
Jefferies Hoare Govett Tel: +44 (0) 20 7029 8000
Neil Collingridge
Tulchan Communications Tel: +44 (0) 20 7353 4200
James Macey-White
About Avanti
Avanti is a carriers' carrier, selling wholesale data telecoms products to service providers which use them to create networks for enterprise, carrier, government and consumer users. Avanti's network consists of:- two high throughput satellites in orbit, called HYLAS 1 and HYLAS 2; a multiband satellite called Artemis plus a fourth and a fifth satellite in construction called HYLAS 3 and HYLAS 4 and an international fibre network connecting data centres in several countries. Avanti Communications has GEO satellite network spectrum filings in the ITU Master Register for Ka band at 33.5° West and 31.0° East and for Ka, Ku, S and L-band at 21.5° East. Avanti Communications serves customers in Europe, Middle East and Africa. Visit: www.avantiplc.com